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Relative Volatility Oscillator

TradeChartist  
Oscillators Volatility Trend Analysis Relative Volatility Index (RVI) rvo volatilityindicator volatilitytrend volatilitytrading volatilityreversal
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oscillator volatility trendanalysis relativevolatilityindex rvo volatilityindicator volatilitytrend volatilitytrading volatilityreversal
Relative Volatility Oscillator is a volatility based oscillator and works very well on Lower Time Frames on volatile assets. It uses one of five periods (34,55,89,144,233) to calculate relative volatility of the current bar with the volatility trend of one of the 5 periods from the settings, using percentile rank.


Features of Relative Volatility Oscillator


  • Choice of one of five periods for the Relative Volatility Oscillator plot.

  • SOS Triangles to indicate Bull/Bear Exhaustion.

  • Option to plot Volatility Zones. Oscillator Values between -5 and 5 will be plotted using exhaustion colours and can be used to monitor trades closely for trend reversals.

  • Choice of 3 colour themes including option to plot trend based coloured price bars.
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This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
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